Judge delays removal of fixed assets from police inventory
June 18, 2013
In Ashley County, Ark., a judge delayed the removal of fixed assets totaling $111,000 from the police department's inventory, according to the Ashley County Ledger. There was no indication where the assets, including telephone, radio and computer equipment, had gone. In addition, questions arose concerning two cars that were labeled "forfeited" and "gift" in the inventory. The judge felt he could take no action until it was clear where the assets were supposed to go.
This delay may impact the police department's inventory accounting. Effective fixed asset management includes keeping records updated. Failing to do so leads to situations like that which occurred in Ashley County, where tasks that need to be accomplished are delayed by insufficient record-keeping. Fixed asset management software is a useful solution for making sure an inventory is up-to-date. Using a computer for the process can also save time, and inventory tags can be integrated in order to acquire information pertaining to asset location in real time. If questions about the inventory emerge, they can be answered quickly.